Tether and Bitfinex Agree to Drop Initial Opposition to FOIL Request
Tether and Bitfinex have reached a joint agreement to no longer oppose a Freedom of Information Law (FOIL) request filed in New York by several prominent news publications. However, they have clarified that they will not openly release all their documents, stating that it is not in line with their business practices. The companies have decided not to appeal against the FOIL request made by journalists Zeke Faux, Shane Shifflett, and Ada Hui, accusing them of engaging in unprofessional behavior.
According to Tether and Bitfinex, Faux’s previous reports on them have gone beyond the boundaries of professional journalism. They also claim that media outlets such as The Wall Street Journal and Bloomberg, whose journalists are involved in the ongoing FOIL request, have been biased and inaccurate in their reporting.
Hot Take: Tether and Bitfinex’s Stance on Transparency
Tether and Bitfinex have agreed to drop their opposition to a FOIL request but will not release all their documents openly. This move raises questions about the level of transparency these companies are willing to provide. While they accuse certain journalists of unprofessional behavior, it is essential for crypto enthusiasts like you to critically analyze different perspectives and sources of information. Transparency is crucial in the cryptocurrency industry, as it helps build trust among users and investors. As the debate continues, it remains important for individuals to stay informed and make well-informed decisions based on reliable information.
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